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Immediatek to Acquire CD Burning Software
Posted Mar 4, 2003 Print Version     Page 1of 1
  

Immediatek, Inc. has announced that it is acquiring key assets of LCD Interactive, Inc., a private corporation that has developed breakthrough technology enabling Internet music fans to download standard MP3 files directly to their CD burners while simultaneously protecting the artists' copyrights. Immediatek had previously formed a strategic alliance with LCD Interactive to exclusively market and develop the software.

Acquisition of the assets, including the CD burning software and LCD's flagship Web site, www.twobigtoes.com, will be accomplished through a stock transaction and should complete within days. Additionally, Paul Marin, CEO of LCD Interactive, has been added to Immediatek's board of directors and will assume an executive operating role in the company.

Immediatek has recently signed agreements to license the technology to several independent music labels, and is actively pursuing licensing deals with popular online music sources and major record labels. Immediatek's CEO Zach Bair believes the proprietary "one-click" disc-burning technology could provide a standards-based solution for the music industry's burgeoning piracy problems with downloadable music and other media.

(http://www.immediatek.com)

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